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Gov. Kemp Signs Legislation Strengthening Public Safety and Supporting ...
Forsyth, GA – Governor Brian P. Kemp, accompanied by First Lady Marty Kemp, Speaker Jon Burns, Attorney General Chris Carr, Commissioner John King, members of the General Assembly, and other state and local leaders, signed a sweeping package of legislation, including HB 130, designed to strengthen public safety and provide support to first responders.
Surety Bonds | Definition, Types, Process, Advantages, & Risks
A surety bond is a type of bond that serves to guarantee that the principal will fulfill the terms of a contract. Within the realm of contract law, it is a legally binding agreement wherein three parties— the principal, the obligee, and the surety— are involved. Should the principal be unable to meet contractual obligations, the surety bond ...
Surety - Wikipedia
Surety. In finance, a surety / ˈʃʊərɪti /, surety bond or guaranty involves a promise by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults. Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal ...
What Is A Surety Bond? | SuretyBonds.com
Surety bond regulations vary from state to state, and even by county. The best way to determine your surety bond requirement is by contacting the obligee. Your obligee probably falls into one of the following categories: Federal, state, county or city regulatory authority requiring a commercial surety bond;
Performance Bonds Explained | PandaDoc
The terms “contract bond” and “performance bond” refer to types of surety bonds used in construction and other contract-based projects, but they serve different purposes.. While a contract bond is a broad term covering various types of bonds ensuring overall contract fulfillment, a performance bond is specifically focused on the completion of the work as per the contract’s standards ...
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